Green buildings are built, by
use of an environment-friendly resources with efficient progression for their
designing, renovation, maintenance, construction, and operation throughout
their lifecycle. These buildings are also known as green construction and
sustainable buildings. The key objective associated with green buildings
includes construction to reduce the impact that impacts the environment (water,
air, and earth) as well as human health. The key sources forassociated with the
building materials are renewable source materials (forests) & recycled
materials (old plumbing, doors, recycled plastic, etc.). These materials
prevent custom of toxic paints leading to improve the interior air quality.
Additionally, green building products provide plentiful natural lighting
reducing the energy usage that reduces the overall costs. These buildings also
guarantee more and more environmentally-safe destruction procedures than the conventional
processes.
According to study, “Global
Green Building Materials Market Size Study, by Product Type (Exterior
Products, Interior Products, Building Systems, Solar Products and Others), by
Application (Residential Buildings and Non-residential Buildings), and Regional
Forecasts, 2017-2025” some of the major companies that are currently working in
the global green building materials market areBASF SE, Bauder Limited,
CertainTeed Corporation (Saint-Gobain), Binderholz GmbH, PPG Industries, Owens
Corning, RedBuilt, LLC,Novagard Solutions Inc., Alumasc Group Plc., Forbo
International SA, Reward Wall Systems Inc. (Fox Blocks), Chengdu Onekin Green
Building Materials Co. Ltd, Dow DuPont,Lafarge, Kingspan Group plc, National
Fiber, Homasote Company, Interface Inc., Sika AG,Structurlam Products Ltd, Soben
International Eco Ltd, Sunlight Electrical Pte. Ltd., ZinCo USA Inc, Techno
Green PVC Pvt Ltd.
Based on type of product, global green building materials industry is segmented into interior
products, exterior products, solar products, building systems and others.
Interior products includes the flooring and insulation. The exterior products
include siding, doors, roofing and windows. Based on materials, the market is
segmented into straw bales, rammed earth, grasscrete, hempcrete, recycled
plastic, bamboo, and wood, among others. In addition, mycelium, ashcrete, ferrock,
and timbercrete are also used for the manufacturing of green buildings. Based
on application, segmented into framing, exterior siding, interior siding,
roofing and insulation. Based on mode of
the end-user industry, market is segmented to residential and non-residential
(industrial, commercial & office, hospitality & leisure, institutional).
The Building Research Establishment Environmental
Assessment Method (BREEAM) in the United Kingdom, Leadership in Energy and
Environmental Design (LEED) in the United States, and Green Building Evaluation
Labeling (GBEL) in China, are some of the government bodies associated with the
green building development. These policies have paved the way via incentives
for greater recognition of materials among the consumers.
The global green building materials is driven by
favorable government policies for green buildings, rising national commitments
to preserve resources, increase in urbanization, reducing greenhouse gas
emissions and growing demand for low-emission buildings. Some of the major
constraints associated include lack of awareness among consumers, high capital
investment compared to conventional buildings, lack of availability of these
material and potential risk of indoor air pollution in green buildings.
Moreover, some of the other key opportunities associated with the market
include increase in awareness of the recycled construction and decline in the
cost of green buildings over time.
North American region accounts for the major market,
owing to the favorable policies and the building codes promoting the convention
of the green building materials coupled with mounting renovation activities. In
addition, infrastructure growth, particularly in United States& Canada, is expected
to lead to optimistic impact towards the market development. Canada is one of
the leading market towards the green building materials in the North American
region over the forecast period.
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